#美国就业数据表现强劲超出预期 fall is not over, rebound does not equal bull return! What stage is Bitcoin currently in?

Do we still need to keep smashing? Will the rebound turn into a reversal? How do we view this wave of market? Today, let's clarify the logic using these two key time frames: the weekly K and the 4-hour chart.

From the perspective of the weekly structure, $BTC is currently stuck in the B-wave rebound, which is essentially a breather in a bear market, not a reversal signal. Now shifting the focus to the 4-hour cycle — the previous complete round of 7 waves has finished, and we are now in the position of the 8th wave rebound. Both large and small cycles point in the same direction, so the upcoming period will be dominated by the rebound rhythm.

However, it must be made clear: simply looking at cycles to talk about the market is nonsense. Some so-called analysts shout that there will be a crash but see no movement for a long time; when the market makes a small rebound and then quickly turns down again, they turn around and boast about their brilliant judgment. This kind of operation is essentially a manifestation of being completely clueless about the market.

Returning to the objective technical aspect, another round of decline is brewing at the weekly level. It is highly likely to break through the 80,000 mark, targeting the area around 71,000. By then, the three-day line indicator will form a clear bottom divergence, and the bears will be completely exhausted. This position is the right opportunity for a bottom-fishing setup.

Is the Wave Theory still confusing? Are your positions always going against you? Want to find the rhythm in the crypto world and lay out your strategy steadily? It might be worth paying more attention to this type of in-depth technical analysis, using cycles and indicators to set the direction for your trades.